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Updated over 1 year ago on . Most recent reply

User Stats

55
Posts
19
Votes
Michael Mackney
  • New to Real Estate
  • Long Island
19
Votes |
55
Posts

Bookkeeping using property manager monthly statements

Michael Mackney
  • New to Real Estate
  • Long Island
Posted

Hey everyone. I had a bookkeeping question.

Each month, my property manager sends me a monthly statement including any expenses, repairs, rents, etc. And then at the end of the year sends me a 1099.

Is there anything else I should be doing from a bookkeeping stand point? I used those statements last year when I had one property for my CPA without actually doing my own bookkeeping and it didn't seem to be an issue.

Let me know if these sound like something I can just use for bookkeeping moving forward. Thanks!

  • Michael Mackney
  • Loading replies...